Valmark Advisers Inc. Lowers Holdings in iShares S&P 500 Growth ETF $IVW

Valmark Advisers Inc. lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,317 shares of the company’s stock after selling 48,071 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 1.0% of Valmark Advisers Inc.’s holdings, making the stock its 23rd biggest position. Valmark Advisers Inc.’s holdings in iShares S&P 500 Growth ETF were worth $69,618,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IVW. First Citizens Bank & Trust Co. raised its position in shares of iShares S&P 500 Growth ETF by 13.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 28,651 shares of the company’s stock worth $2,660,000 after purchasing an additional 3,478 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of iShares S&P 500 Growth ETF by 7.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,595 shares of the company’s stock worth $1,076,000 after purchasing an additional 791 shares during the last quarter. Pallas Capital Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 6.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 33,227 shares of the company’s stock worth $3,084,000 after purchasing an additional 2,125 shares during the last quarter. Octavia Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 17.8% in the 1st quarter. Octavia Wealth Advisors LLC now owns 2,756 shares of the company’s stock worth $256,000 after purchasing an additional 417 shares during the last quarter. Finally, Signet Financial Management LLC bought a new stake in iShares S&P 500 Growth ETF in the 1st quarter worth about $3,210,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $120.98 on Wednesday. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $121.95. The stock has a 50-day moving average of $116.98 and a 200 day moving average of $106.74. The company has a market capitalization of $65.98 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05.

iShares S&P 500 Growth ETF Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market.